IMD-3-0924 © 2000
Boscheck, Ralf
By November 2000; almost all of the 10 water and sewage business in England and Wales were thinking about choices for separating the ranging from the owning of their facilities. Despite the fact that Kelda; owner of Yorkshire Water; had actually cannot get consent to offer its water possessions to a customer-owned shared business; the Welsh group Glas Cymru continued its strategies to turn Welsh Water into a not-for-profit business; ensured and owned by 200 members of the "excellent and the great" in Wales.
Offering possessions to business entirely comfortable by financial obligation assured lower expenses of capital in fulfilling the strict financial investment targets and hard rate limitations set by the previous regulatory authority Sir Ian Byatt. It was up to the brand-new regulatory authority; Philip Fletcher; to choose whether to license the brand-new capital structures and consequently activate the most extreme restructuring of the water market given that its privatization in 1989.
Subjects: Regulation; Strategy; Financial restructuring; Incentive compatible contracts
Settings: England and Wales; Water